Precious Metals Start to Rise, What's the Cause?
Metal prices generally strengthened as the dollar weakened amid mixed signals about when the Federal Reserve will cut interest rates further. However, the US dollar maintained most of its recent rebound from a three-year low.
As of this writing, gold prices are at $3,321.
Recommendations:
Buy if the price breaks above $3,315
Sell if the price breaks below $3,327
Resistance 2: $3,335
Resistance 1: $3,330
Support 1: $3,315
Support 2: $3,308
Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: CP-Newsmaker.id